Originally Posted by ix_touring
Just how is this causing a big impact on the man in the street (estate agents excluded) going about their normal (not those jacking it all in to retrain as a fATPL) day to day life?
I have friends in Warwickshire that say things like good restaurants are noticeably quieter, they feel an overall tightening of the belts is going on. Not just from those in the lower income bands either. Apparently business class airline seats are selling quite well on certain routes, while the economy seats are taking a hit. I presume that's because a lot of worried bankers are doing a bit more travelling.
You raise an interesting point about the LTV. Correct me if I'm wrong. But as your house goes down in value, your interest rate increases if you re-mortgage?